Income, Credit, and Saving
Grade 3 - Social Studies - Building Confidence
A baker bakes bread to sell. What skill lets the baker earn money?
- liking to eat bread
- having a red apron
- knowing how to bake
A store gets far fewer strawberries than usual. What usually happens to their price?
- It goes down.
- It goes up.
- It stays the same.
Jamal made a list and saved for 3 weeks. Then he bought the book on his list. What kind of spending is this?
- unplanned spending
- borrowing
- planned spending
Malia wants a $40 scooter but has $20. The store lets her pay the rest later. What is this called?
- a savings account
- credit
- a gift
What is income?
- money you owe a store
- money you earn from work
- money you give away
Liam saves $2 each week for a bike. Why does a savings plan help?
- He never has to count it.
- He can spend it all today.
- The money is ready when he needs it.
A veterinarian treats sick animals. What lets her earn that income?
- owning a pet cat
- liking animal books
- training in animal care
Ines saw a candy bar by the register and bought it without planning. What kind of spending is this?
- saving
- planned spending
- unplanned spending
When you borrow money, what must you do later?
- keep it forever
- pay it back
- give it to a friend
Theo borrows $10 and pays back $11. What is the extra $1 called?
- interest
- a refund
- a gift